Shangri-La Development Bank Appoints New CEO Rabin Sijapati for 4-Year Term
6th September 2026, Kathmandu
Shangri-La Development Bank Limited has officially announced the appointment of Rabin Sijapati as its new Chief Executive Officer (CEO). Appointed by the bank’s Board of Directors, Sijapati takes charge for a four-year term, succeeding long-serving CEO Suyog Shrestha.
Key Highlights of the Leadership Change
Four-Year Tenure: Rabin Sijapati will steer the strategic direction and operational execution of Shangri-La Development Bank for the next four years.
Chartered Accountant Credentials: Sijapati brings a strong background in financial governance, compliance, and risk management as a qualified Chartered Accountant (CA).
Commercial Banking Background: Before taking on this role, Sijapati served in senior management at Nepal Investment Mega Bank (NIMB).
End of an Era: He succeeds former CEO Suyog Shrestha, whose extended term ended prior to handing over the executive leadership.
Executive Profile: Who is Rabin Sijapati?
Rabin Sijapati enters the chief executive role with over two decades of financial sector experience in Nepal. As a Chartered Accountant, his career spans core areas such as credit management, corporate governance, strategic financial planning, and operational scale.
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During his time at Nepal Investment Mega Bank (and previously Nepal Investment Bank Limited), Sijapati held key executive posts, including Senior Deputy General Manager and Executive Credit Officer. He also represented the bank on the board of National Microfinance Laghubitta Bittiya Sanstha as Chairman, expanding his footprint across commercial banking and microfinance sectors.
Overview of the Transition
| Detail | Incoming Leadership | Outgoing Leadership |
| Name | Rabin Sijapati | Suyog Shrestha |
| Role | Chief Executive Officer (CEO) | Outgoing CEO |
| Term Length | 4 Years | Completed term |
| Background | Chartered Accountant (CA), Senior Executive at NIMB | Banking Industry Executive |
What Lies Ahead for Shangri-La Development Bank
Sijapati assumes the leadership of Shangri-La Development Bank during a dynamic period for national B-class development banks in Nepal. His core tasks will include:
Asset Quality & Non-Performing Loan Management: Balancing robust business growth while managing non-performing loans (NPL) amidst changing economic conditions.
Digital Transformation: Enhancing digital banking services and improving retail financial capabilities.
Regulatory Compliance: Leveraging his experience as a Chartered Accountant to reinforce corporate governance and capital adequacy frameworks.
